Canary Capital Group Seeks Approval for Sui-Based mostly ETF

Digital belongings funding agency Canary Capital Group stated Monday that it filed for regulatory approval to launch an exchange-traded fund (ETF) tied to the spot value of Sui, a token related to Sui Community.

If authorised, this might mark the first-ever ETF linked to Sui, a blockchain-based asset with a market capitalization exceeding $7.4 billion, rating it among the many prime 25 cryptocurrencies.

The submitting provides to Canary Capital’s increasing listing of crypto ETF purposes, bringing its whole submissions to 6.

The transfer additionally reveals a rising wave of ETF proposals concentrating on a broader vary of digital belongings, as crypto companies search regulatory readability and funding accessibility.

BREAKING🚨 @SuiNetwork ETF is coming quickly! Canary Capital has filed an SUI ETF with the SEC within the U.S. pic.twitter.com/fTAIWpupH1

— Sui Nook (@SuiCorner) March 17, 2025

Trump’s Election Sparks Wave of Crypto ETF Filings

Since President Donald Trump’s election in November, ETF filings have surged, reflecting trade optimism that the Securities and Alternate Fee (SEC) could take a extra favorable stance towards crypto-related monetary merchandise.

Trump’s administration has signaled a shift in crypto regulation, prompting expectations that the SEC’s new management might approve a wider vary of digital asset ETFs. Already, regulators have dropped enforcement actions in opposition to main crypto companies and are contemplating rolling again stricter custody guidelines for funding advisors dealing in digital belongings.

Crypto ETF Enlargement Positive aspects Momentum Past Bitcoin and Ether

The race to broaden crypto ETF choices is accelerating. Issuers have already submitted filings for ETFs on at the very least 10 cryptocurrencies past Bitcoin and Ether, which debuted as tradable ETFs in 2024. Among the many most sought-after belongings for ETF inclusion are Solana and XRP, with six pending purposes every.

If Canary Capital’s Sui ETF positive aspects approval, it might pave the way in which for additional diversification in crypto funding merchandise, providing institutional and retail buyers a regulated, accessible strategy to achieve publicity to rising digital belongings. The choice now rests with the SEC, whose stance on these purposes will form the following part of cryptocurrency’s integration into mainstream finance.

The submit Canary Capital Group Seeks Approval for Sui-Based mostly ETF appeared first on Cryptonews.

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